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Nationalist Planning for Autarky and State Hegemony: Development Strategy Under Nehru

Author

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  • Baldev Raj Nayar

    (McGill University)

Abstract

In a revisionist interpretation, this article finds the position of mainstream economists to be in error in relation to the impact of economic theory on the economic strategy incorporated in the Second Five Year Plan. In place of "the power of (economic) theory", it suggests a "theory of power" as a more appropriate explanation for the strategy. Similarly, it finds the position of Marxist scholars and activists also to be mistaken in maintaining that the economic strategy had been designed on behalf of the capitalist class in order to build capitalism. Instead it suggests that the origins of the strategy were ideological, intended to build socialism; the strategy was contingently facilitated by a ruling coalition usually associated with an "intermediate regime".

Suggested Citation

  • Baldev Raj Nayar, 1997. "Nationalist Planning for Autarky and State Hegemony: Development Strategy Under Nehru," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 32(1), pages 13-38, January.
  • Handle: RePEc:dse:indecr:v:32:y:1997:i:1:p:13-38
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    Cited by:

    1. Shivakumar, Sujai J., 2005. "Towards a democratic civilization for the 21st century," Journal of Economic Behavior & Organization, Elsevier, vol. 57(2), pages 199-204, June.

    More about this item

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
    • P41 - Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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